A123 Systems fka AONEQ

[ilenes]

This is mostly correct. Any foreign entity needed to submit paperwork to CFIUS already to be a certified bidder. That and come up with the required financials and cash. CFIUS approval can take 30 days or more, and this was an issue right from the start...but Wanxiang (and anyone else) can indeed participate in the process.

The bid procedures give all bidders the opportunity to get any necessary regulatory approval within a reasonable time frame following the auction.

I would assume that these issues may play a big role in the sale hearing on Dec. 11.

Ilene